Dmitry Baranov, senior expert of Finam IC

– Rosatom is one of the key customers of Russia’s machine building companies

In 2009 the financing of the production of equipment for nuclear reactors at St.Petersburg plants will total 20.2bln RUR, Director General of Rosatom State Nuclear Energy Corporation Sergey Kiriyenko said while visiting Baltiysky Zavod in St.Petersburg Apr 21 2009. The amount of contracts concluded with seven machine building companies of St.Petersburg in the last three years totaled 94.4bln RUR: 1.3bln RUR was paid in 2007, 12.8bln RUR in 2008. Kiriyenko said that in the future the financing will be increased as Rosatom needs additional equipment for its nuclear power plants.

Now that the traditional energy sector is facing problems with financing and lots of territorial and regional power generating companies are reducing their contracts with machine building plants, Rosatom’s contracts will help the latter to overcome the hard times.

We have no information about the contracts of other companies, but we can be sure that Rosatom is one of the key consumers of Russia’s machine building companies and the guarantor of their financial welfare and the social welfare of their host regions.